Index Trend Analysis Report
Prepared for you on Monday, September 16, 2019.
S&P GSCI Copper (CME:SPGSIC)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for SPGSIC
The long term trend has been DOWN since May 9th, 2019 at 432.6059
The intermediate term trend has been UP since Sep 5th, 2019 at 413.9464
The short term trend has been UP since Sep 13th, 2019 at 417.6070
Smart Scan Analysis for SPGSIC
Based on a pre-defined weighted trend formula for chart analysis, SPGSIC scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||520.5412||52wk High Date||2018-06-07|
|52wk Low||408.7367||52wk Low Date||2018-08-15|